Abstract
The structure of the alternating double auction market is basically the same as in most experimental double auction markets. The market is an institution used for trading units of a hypothetical, homogenous, and indivisible good. It contains a set of players T with n members, divided distinctly into two subsets: buyers2 B with nB members and sellers S with nS members, so that T = B ∪ S and B ∩ = {} and n = nB + nS. There are no market entries and exits, so that the number of players in the market remains constant.
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© 1998 Springer-Verlag Berlin Heidelberg
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Sadrieh, A. (1998). The Alternating Double Auction Market Game. In: The Alternating Double Auction Market. Lecture Notes in Economics and Mathematical Systems, vol 466. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-58953-9_2
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DOI: https://doi.org/10.1007/978-3-642-58953-9_2
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-64895-6
Online ISBN: 978-3-642-58953-9
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